Microsoft has announced that it plans to acquire Nokia’s devices and services business, as well as license its patents and mapping services in a $7.2 billion deal.
The transaction, expected to close in the first quarter of 2014 pending approval from Nokia’s shareholders, will be paid in cash. Microsoft will pay $5 billion to buy the devices and services division and $2.2 billion to license the patents.
This gives Nokia a huge amount of funds that they can use to re-invest in their core business which is phones. What? Wait a second. They just sold their phones to Microsoft. So what will they now do with their massive stack of cash?
What if they invested the 7.2 billions in Bitcoins and other cryptocurrencies and became the leading tech company in the world for both mining, Bitcoin-related services and holdings. What would this do for the Bitcoin-community?
http://www.cryptocoinsnews.com/2013/09/03/should-nokia-invest-7-2-billion-in-bitcoins-and-what-would-happen-if-they-did/Discuss below.